Biden calls for stronger banking safeguards, rollback of Trump-era rules

Biden calls to revive bank regulations that Trump weakened

Weeks after the failure of two banks, President Joe Biden called on March 30 for independent regulatory agencies to impose tighter rules on the financial system, telling them that they can act under current law without additional steps taken by Congress.

Biden calls to revive tighter bank regulations that Trump weakened

Weeks after the failure of two banks, President Joe Biden is calling for independent regulatory agencies to impose tighter rules on the financial system.

Biden calls to revive bank regulations that Trump weakened

Once banks hold assets of more than $100 billion, the administration is asking them to hold more capital to absorb losses and face enhanced stress testing to ensure they could withstand a possible …

To prevent SVB like failures, Biden calls for revival of banking regulations weakened under Trump

US president Joe Biden on Thursday urged banking regulators to reinstate tough rules on mid-sized banks in the United States. The rules, as per AFP, were weakened under his predecessor Donald Trump. Biden said that the revival of the regulations would help prevent future failures like the one Silicon Valley Bank underwent in recent days. As per a White House fact sheet, Biden urged regulators to consider a set of reforms to "reduce the risk of f…

Biden calls to revive bank regulations that Trump weakened

By FATIMA HUSSEIN and JOSH BOAK Associated Press WASHINGTON (AP) — Weeks after the failure of two banks, President Joe Biden is calling for independent regulatory agencies to impose tighter rules on the financial system. In a fact sheet, Biden says regulators can act under current law without additional steps taken by Congress. The recommended changes outlined by the White House try to put clear blame on the Trump administration for weakening su…

After bank failures, Joe Biden raises the alarm to restore 'common-sense' rules that Donald Trump weakened

Following the collapse of Silicon Valley Bank, the White House is blaming the Trump administration for weakening supervision of regional banks